Graduate Essay Writers
Only the most qualified writers are selected to be a part of our research and editorial team, with each possessing specialized knowledge in specific subjects and a background in academic writing.
Get Similar Asssignment Answers & Custom Paper Writing Services
To hire a writer, fill the order form with details from your nursing assessment task brief.
Posted: April 20th, 2022
An economy is described by th
Question description
An economy is described by the
following data:
C = 40 + 0.8 × (Y –
T)
IP = 70
G = 120
NX = 0
T = 150
Y* = 600
1. [3 points] Find the planned aggregate
expenditure equation that represents aggregate demand for this economy. Find
the short-run equilibrium output. Is there an output gap occurring in this
economy?
2. [2 points] Suppose that economic expansions
abroad increases the demand for the country’s exports; as a result, NX rises to
100. What is the new short-run equilibrium output? Is the economy experiencing
a recession or an expansion?
3. [2 points] Suppose instead that foreign
economies are slowing, reducing the demand for the country’s exports, so that
NX = – 100. What is the new short-run equilibrium output? Is the economy
experiencing a recession or an expansion?
4. [1 point] Suppose that in trying to help
eliminate the output gap that resulted in question # 3, the government performs
a fiscal stabilization policy by changing government spending to move
actual output back to potential/long-run levels. Illustrate through a flow
chart how changing government spending leads to changes in actual output
(use the components in the planned aggregate expenditure equation and the
consumption function in your answer).
Why Seek Our Custom Writing Services
Every Student Wants Quality and That’s What We Deliver
Affordable Prices
Our prices strike the perfect balance between affordability and quality. We offer student-friendly rates that are competitive within the industry, without compromising on our high writing service standards.
100% Plagiarism-Free
No AI/chatgpt use. We write all our papers from scratch thus 0% similarity index. We scan every final draft before submitting it to a customer.
How it works
When you decide to place an order with Nursing Study Bay, here is what happens:
For Similar Answers, Custom Essay Writing & Assignment Help Services
Find an expert by filling an order form for your nursing paper. We write AI-plagiarism free essays and case study analysis. Anytime!